Drift Valley first reported about the fund stating that a total of €373,000 will be disbursed to four hubs on the continent during the first year of the fund, 2014-2015. The money will be used for core funding of the hubs, seed funding for various projects and for programme management costs. Noticing the potential of Technology to transform the continent, many donors have gone to invest in Tech and innovation Hubs across the continent. As we speak there are about 100 Hubs across the continent with many of them providing a habitat for entrepreneurs and equipping them with the essential skills to make it in business and also to create impact. Africa will not become a Silicon valley overnight but the efforts of these hubs is great leap in the right direction. Dignited is a start up that’s incubating at Hive Colab and we join the various efforts to try and connect Tech Hubs and Start ups in Africa together with our Hubs Feature which is a work in progress. Other efforts round the continent like AfricanUp are also doing a tremendous job Image: Bold Innovation
